Momin Afghan Microfinance Institution(MAMI) is the First  Da Afghanistan Bank licensed Microfinance Institution in Afghanistan established in 2024. Our primary objective in Afghanistan is to contribute to, community development, poverty alleviation, job creation and economic development through the provision of sustainable Islamic financial services to the poor and underserved.

A Shariah Board Member is responsible for overseeing and ensuring that all financial, investment, and operational activities of an organization comply with Islamic principles and Shariah law. This role involves providing expert guidance on Islamic finance, conducting Shariah audits, issuing fatwas (Islamic rulings), and ensuring ethical business practices in accordance with Islamic jurisprudence.

Key Responsibilities:

1. Shariah Compliance & Advisory

1. Ensure that all products, services, and operations align with Shariah principles.
2. Provide Shariah rulings (fatwas) on financial instruments, contracts, and business practices.
3. Review and approve financial products, investment structures, and operational policies.

2. Research & Development

1. 1. Conduct in-depth research on Islamic finance principles and emerging trends.
   2. Develop guidelines and frameworks for Shariah-compliant financial transactions.
   3. Contribute to the innovation of new Shariah-compliant products and services.

3. Shariah Audits & Reviews

1. 1. Conduct periodic Shariah audits and compliance assessments.
   2. Review financial statements, contracts, and investment portfolios to ensure compliance.
   3. Recommend corrective actions in case of non-compliance.

4. Stakeholder Engagement & Training

1. 1. Advise senior management, investors, and regulatory authorities on Shariah compliance matters.
   2. Provide training and awareness programs on Islamic finance for employees and stakeholders.
   3. Represent the organization in Shariah-related forums, conferences, and discussions.

5. Policy & Governance

1. 1. Develop Shariah governance frameworks and ensure their effective implementation.
   2. Participate in decision-making processes related to product development, risk management, and investment strategies.
   3. Ensure adherence to regulatory requirements and global best practices in Islamic finance.

Educational Background:

1. 1. Bachelor’s, Master’s, or PhD in Islamic Finance, Shariah Law, Fiqh al-Muamalat (Islamic Commercial Jurisprudence), or related fields.

Experience:

1. 1. Minimum 5-10 years of experience in Islamic finance, banking, or Shariah advisory roles.
   2. Experience serving on Shariah boards of financial institutions, investment firms, or regulatory bodies is preferred.

Skills & Competencies:

1. 1. Deep knowledge of Islamic finance principles, AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards, and regulatory frameworks.
   2. Strong analytical and decision-making skills.
   3. Ability to interpret and apply Islamic jurisprudence to modern financial transactions.
   4. Excellent communication and report-writing skills in Arabic and/or English.

Preferred Qualifications:

1. 1. Certification from recognized Shariah advisory institutions (e.g., AAOIFI’s Certified Shariah Advisor and Auditor - CSAA).
   2. Prior experience working with Islamic financial institutions, investment funds, or Takaful (Islamic insurance).

Work Conditions:

1. 1. Full/Part-time or advisory-based role with periodic meetings and audits.
   2. Occasional travel for conferences, training, and compliance reviews.

Applicants who meet the above requirements should submit their updated Curriculum vitae (CV)/Resume to hr@mominafghanmfi.af

or hr@mominafghanmfi.org

Please Mention the position title and vacancy number in the subject of your E-mail otherwise your Email will not be considered. (Position/Mami25-0016)

Note only shortlisted candidates will be contacted for further recruitment process.